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is a highly regarded securities lawyer, a professor at the university of san diego law school, and an expert on sarbanes-oxley. >> the idea was to have a criminal statute in place that would make ceos and cfos think twice, think three times, before they signed their names attesting to the accuracy of financial statements or the viability of internal controls. >> and this law has not been used at all in the financial crisis? >> it hasn't been used to go after wall street. it hasn't been used for these kinds of cases at all. >> why not? >> i don't know. i don't have a good answer to that question. i hope that it will be used. i think there clearly are instances where ceos and cfos signed financial statements that said there were adequate controls, and there weren't adequate controls. but i can't explain why it hasn't been used yet. >> we told partnoy about eileen foster's allegations of widespread mortgage fraud at countrywide and efforts to prevent the information from reaching her, the federal government, and the board of directors--in violation of the company's internal controls. i mean, th
have arisen in the context of whether u.s. law roe v. wade or what we've seen recently on gay marriage not just here but globally. i think the church that's been throughout its history a constant voice. it is the one thing that you can always go back to. and so there is that stability i think that this pope will want to maintain. >> kathy as quickly as you can, you heard what michael steele said about some of these traditional social issues, do you agree? >> i do agree. in fact, the fact that and he was jesuit was held against him a little bit in the past. at the last conclave there were some questioning of him in that regard. but he has in fact taken some bows and arrows from jesuit of a more liberal bent. so i don't expect anything but a continuation. >> very good. thank you ever so much. mary thompson great stuff all day today. >>> now we go from the spiritual to the material. that's what the kudlow show does. we had blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear
that i call this the black hole law. because what the federal government is doing, expanding the size and scope of the black hole of information of your banking records that they will be able to access across the board exposing people to even further threats. the biggest problem is what we're dealing with here this law, this proposed rule coming out of the treasury is creating more questions than answers. >> we don't know what the limits are. the way the deal works, greg, as i understand it, the treasury department does have the authorities when banks, let me make this clear, banks report what is called suspicious customer activity. now, you tell me. as i understand it now, the cia, nsa, intelligence agency, they can go right into the banks themselves? is that what we're talking about? >> first, you need to understand the scope of information that is provided by banks is far larger than most people think. because banks overcomply here, and it's going to provide access to the fbi to basically all law enforcement agencies now, which includes the cia, nsa, so many others, but also, larry
and there are similarities and the one similarity on this trading floor is look at the gm bankruptcy in the rule of law in the pecking order of financial liabilities, are there similarities? does it rhyme? there's definitely a little anxiety here and how it works is out anybody's guess. right now safety doesn't seem to be as rampant as one would expect. look at a two-day chart of ten and certainly we're down a handful of basis points, but if you open the chart up year to date you can see the pattern and it hasn't been violated that much and we're in a seven-week low yield and look at the backyard of cyprus and you see a different picture and these are ten-year booms and look at year to date and we're making new year to date low yield on the boom because the comp is it's under 140 close on december 31st. let's switch gears here. let's look at a november 1st start date to the euro. you can see that the euro right now is hovering at the lowest levels based on the close that we don't yet know about december 7th. pearl harbor day and it was comping back to november because it isn't on its lowest levels. if
at this saying, this time it's about the russian oligard. but if you don't follow some rule of law on these -- >> one more thing, barclay's, one of the few houses putting out research over the weekend put out this bar chart to show the size of the relative costs of banks bailing out the banking system based on gdp. look at cyprus. it is so outside. ireland comes next and greece. spain, italy. they don't even come close. there's 600 billion euros of senior debt in italy. >> three practical questions. first, there's a bank holiday today. there's a bank holiday technically tomorrow. >> probably. >> if you want to get your money out of cyprus, you can't. >> impossible. >> two, when there was a crisis in -- when we thought there was a true crisis going on in italy and spain, corporationes and some institutional investors put their money in, but retail did not for the most part. so what happens in cypress and what happens across the board? even in the u.s. whether we have -- it's called runs. >> why do you touch anybody under the insurance level, though? >> i agree. that's where the writ
! >>> >>> the tiny island of cyprus sets off big scare with plans to set off the rule of law. they want to tax all bank depositors large and small to pay for a bailout. this has never happened before.e are in trouble. if nothing happens, optimism runs the show. cyprus is the money ground for dirty money from russia and other rogue nations. the government of cyprus is scared to death of insulting vladimir putin. we'll have an expert who will play this scenario out for us. "the kudlow report" begins right now. >>> first up, let's get the latest on the cyprus report. michelle joins us by phone. >> good evening. the details are changing, but the one core fact important to investors is true. for the first time ever in the european crisis, portions of bank accounts will be seized in order to pay for a bailout. cyprus agreed to this to get a 10 billion euro loan to bail out their banks. what is still unclear and controversial is whether insured deposits will also be seized. original plan was if you had an account in cyprus with less than 100,000 euros, would you have to pay a tax even though it falls bel
for this market? we keep -- we hit eight consecutive all-time highs and the laws of gravity have to kick in at some point. >> unfortunately or fortunately, people have been expecting that pullback for almost three weeks or so, give or take. when it comes, does that mean it will be bigger than we're expecting? not necessarily, but we have not seen a real down day of any significance in weeks. and i think we're -- maybe we're getting a little too complacent on the upside. >> we're two points away from that all-time high on the s&p. we've got 30 seconds left. and really, as you know t, the last few days, we've seen the market really kind of hit those numbers as we go into the close there. we'll see what happens. warren myers, thank you very much. up eight point s on the s&p, up 80 points on the dow. this will be the second best gain of the year. however, will this last? you've got expiration day tomorrow. you've got the stress test results coming out. shelia bair will be talking, our new secretary treasury as well. that's coming up on the next hour of the "closing bell." see you tomorrow. >
the european markets. here, unprecedented and contrary to the insurance laws, and the rule of law concept, they are taking the money from the depositors. what faith will they have now, aside from cyprus, what are the other member states and their deposits have to say? remember, the concept of the eu was to have a unified national union of sorts. in this country, if we had one state or one bank going under, we wouldn't expect all the depositors throughout the united states and every bank to contribute. on the contrary. >> now, i understand that about half of the depositors are russians. which is also interesting. >> well, and that's the backstory. >> give me the backstory. >> my interpretation of the backstory is, if you recall, the troika, sneao to speak, has bee looking for an alleging of laundering money. it's been going on, they've been looking for this and nothing's been found. it's like accusing someone of a crime and expended so much time and energy and not finding it and now they've got to extract some basis of retribution. >> so it's basically like saying, we know you've been mone
at the borders to make sure people aren't bringing out large amounts of cash. normally under european law, that would be prohibited. but there are exceptions for emergencies. it's going to be pretty tough here over the next couple of days, larry. and if they don't come up with a deal, which people still think is actually quite possible, this could be a situation where we're talking about a country leaving the euro. but we're not there yet. back to you. >> all right. many, many thanks, michelle caruso-cabrera, we appreciate the update. you'll continue to give us live reports tomorrow on cnbc throughout the day. meanwhile, the finance minister of cyprus will present a plan to russia tomorrow that apparently would have the oil and gas company restructure the cypriot banks in return for full natural gas exploration rights. of course, this would bail out the russian money launderers and other depositors in the cyprus banks. no doubt, russia is invested in this crisis. the country reportedly keeps $19 billion in personal deposits in cyprus. nobody knows what that means. nobody knows what the pa
. they are complying with an investigation into anti-corruption laws. earlier the u.s. justice department and australian federal police are looking into allegations that bhp provided inducements, gifts and hospitality to officials. the company says they believe they complied with all laws. >>> china's central bank changed monetary policy to neutral from loose saying it will be vigilant with inflation fighting measures. we'll get market reaction when we come back. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> >>> china's central bank governor says they must remain vigilant to keep a hand on inflati inflation. great to see you. any time a central bank talks tough on inflation, the market can read between the lines here. does this mean more tightening is on the way? >> that's what a lot of people have been talking about whether it does is anyone's guess at this point because just to put it all in con
that had recently lablgd the market made a modest comeback such as law eshg mas, environmental stocks, media and medical shares. both miners lost their sheen. according to chinese media reports, the lower prices of the pressure metal have put pressure on local miners. meanwhile, the hang seng reversed early weakness to finish marginally higher helped by utilities and financials. prudential's hong kong shares jumped a whooping 12% after the uk insurer posted higher dividends and profits. property plays took the brunt of the selling today after big banks hiked mortgage rates for the first time since 2011. elsewhere, south korea's kospi ended marginally in the green with automakers and technology shares capped by losses and financials. australia's asx 200 lost over 1% today as strong jobs data dampened hopes of another rate cut by the rba. and india's sensex still in action, now trading higher by a slow 1%. back to you. >> good to see you this morning. thanks for that. the s&b has given its view that it will enforce the minimum exchange rate with, quote, considerable determination. this
of years. john boehner said, it's the law of the land. he walked that back afterwards, but that is what he is thinking. this is a fight that will take place in policy documents and political documents like ryan budget but when it comes to funding -- voting on bills that will become law, obamacare -- >> this continuing resolution does not have funding for bom a bomb -- for obamacare. >> it won't. >> they will find a deal to fund it through other monies, they will not crimp it, obama will not sign thinking that will slow it down. >> we will track it, i have to jump, this is a big fed day, stocks generally liked what they heard from ben bernanke, i wonder if he was signaling a little let easy money, that is my take next up on kudlow. there's this island -- and it's got super-cute kangaroos. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's
to fight back. law and order online next on power lunch. >> and that sea gull is still sitting there because we are waiting on a decision on whether the body of cardinals at the vatican have decided on a new pope. white smoke means they have. black smoke indicates they have not. we are monitoring it and we will get it to you as soon as it happens. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> we are back with breaking news on g
the letter of the law than in a place like cyprus and the european union and over let issue is the country and seeing whether or not they can back fdic insurance and we don't have that problem at this point. >> cyprus is hoping to raise money from their bank deposit tax because when the banks do open up and they're closed until thursday. if you're a russian oligarch with $1 billion in a cypriot bank account that is facing a 9.9% tax above 100,000 euros you are going to pull that out and go to jersey -- not new jersey, the cayman islands. >> and they will have it. >> they say it will be one time. >> they'll raise 10 billion and 20 billion. >> they'll come back and that's the issue. >> no, they won't. they'll raise 10 or 20 billion in a one-time move and they'll lose hundreds of billions and the european markets will wipe out hundreds of billions in capital. >> they're doing what they need to do to raise the 5.8 billion euros to get the imf and ecb bailout and they'll deal with the consequences tomorrow. >> this is the old imf. when the imf came to korea in the '90s. when the imf came to lat
is the rule of law being brought into question. can rules about depository insurance change over the course of a weekend? i think the size of cyprus right now, what it represents directly is not a threat. we're assessing. but if this is contained in some broader bailout oriented scheme, i think it could be something weathered by the markets. that said, the rule of law being brought into question is not a good thing. >> steve sacks, are you seeing a reaction in some of the european etfs out there? or are you seeing the same kind of money mentality going into exchange traded funds? what are you seeing out there? >> maria, it's really the same reaction we're seeing in broader equities today. you know, basically an overreaction. you know, we saw higher volumes in volatility spike on the open this morning with that gap lower. we've seen volumes in money flows just sort of steady out throughout the course of the day. obviously a lot of talk this morning on wall street about, you know, what happened over the weekend, you know, with cyprus. at the end of the day i think the market pretty quickly di
that we see going on between what happened in the sarbanes-oxley law. when it was passed, we saw a lot of merger and acquisition activity that took place. a lot of companies basically copitch lating because they couldn't cover the cost. we've got two major pieces of legislation that are taking place right now in the dodd/frank bill, in the financial sector, and in obama care, and in the health care sector. i think you're going to see some of the same things happening. you're going to see a lot of merger and acquisition activity. i like manhattan partners here. >> who gets hardest hit, as a result of obama care and dodd/frank? where are the areas of this market that you want to avoid, given this higher regulatory environment? >> when you see the passage of the sarbanes, you saw a lot of the smaller companies. they merged the together because they needed to get the economies of scale to cover the cost of all that regulation. i think you're going to see some of the same things happening -- >> smaller and mid-cap -- >> exactly. >> rick santelli, we did not forget about you, i assure you. w
to terrorism. the response to the embassy bombings in africa were treated as law enforcement issues, but 9/11 turned our responses into the global war on terror, and the congress is still debating the president's authorities in that arena, the drone debate. whether a particular cyber attack meets the threshold of being an act of war is likely to depend very much on the political and military situation at the time that that happens and not necessarily on any definition that you could put in place up front, sue. >> speaking of that, we know that treasury secretary jack lew is this china this week and a big part of his agenda is addressing these cyber attacks. you have news on the man that chinese group that reportedly has been sitting those u.s. sites recently, including some of the banks. >> yeah, that's right. i have been talking to the folks at mandian. it's the private american consulting firm that put out the ground breaking report in which they named the chinese army unit they suggested was responsible based in shanghai for attacks on american companies. they are telling me they, in fa
fuelled by states that have had new laws to protect homeowners or states that require a judge. these delayed foreclosures all during last year causing big backlogs but the banks are beginning to move again. foreclosure starts, that is the beginning of the process increased in 32 states and some of the states are incredible. again the final stage. and bank owned propertyies all that supply will likely turn some local price gains that we have seen lately. >> the pre-up in may be changing forever if you thought your money was safe in marriage, think again. we have the woman behind a very big change. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus w
their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. and make your business dream a reality. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> >>> well, our focus has been on the religious capital of the world with the new pope unveiled, but now we're back to the financial capital. bob pisani, do you think we're going to get a new high? >> the trend is certainly in that direction. since the beginning of march, we're up another 3%, and almost every day, we close right near the highs. in other words, we tend to start low, and for the last eight, n
they must fix law necessary how they determine shareholder payout, recommending them based on qualitative concerns not on their capital ratios. both must resubmit their plans by the third quarter. the report says that jpmorgan misled investors about the nature and size of those losses and say derivatives are still a big threat to the financial system. the report singles out ina drew and former cfo doug braunstein in particular for criticism. they'll both appear at today's hearing and they'll raise questions about the behavior of several other employees, including ceo jamie dimon. for more on what this means, brandon hawkins joins us now. brennen, great to see you. look, jpm shares are under water this morning. is this more about what the fed said yesterday or more about this today's hearing? >> no, without a doubt, it's about the fed and they they came out. really, the senate report is old news at this point. it happened almost a year ago, the oil trade, and it's been contained, put aside. really, i think this is almost more a political issue than the fed. >> but brennen, at the same time
and ukrainians who deposited much 06 their wealth here in cypress because of lax banking laws and there's been widespread allegations that these russians and ukrainians have used these accounts to launder some of their money and that is exactly why germany wanted depositors to take losses in this bailout. >> thank you so much. we'll have plenty more as we continue to follow this story. let's get straight to mark oswald who joins us around the table. mark, from an investor point of view, because there are a lot of different angles to this, how do you expect markets to react? what do people make of this today? >> i thought the initial reaction was quite appropriate when we marked spain and italy down in bond terms and buyback two points or about 20 basis points on. but pretty much on the all, there were buyers in there, which surprises me. it suggests within the marketplace and we've seen it within the rally of the euro, there is a degree of complacency that cyprus isn't really that important. this is a very specific issue and it's not going to unpick what mr. draghi has achieved, what's there i
business dream a reality. at legalzoom.com we put the law on your side. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. sales event has begun. ♪ featuring the powerful gs. ♪ just when you thought you had experienced performance a new ride comes along and changes everything. ♪ get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. >>> welcome back to "power lunch," rick santelli here on the floor of the chicago mercantile exchange, and cme group, and look at this chart with the capacity utilization, and 79.6 and at five-year high, and energy gave it a turbo thrust, but normally it pushes stocks up, but not to dday. looking at the intraday, and opening up the chart for one year, the rates are down to one-week low and should we settle under 2%, but it is looking as though the market is turning, because some bulls are showing up. if you look a
person they insure next year when the law takes effect. that's beyond the increased cost of covering them in the first place and it comes to $25 billion. get this, boeing, gm and ford already lobbying to change the fees. listen to this. so is the uaw and a whole bunch of unions. they are going to have to pay the fees because they are health care providers. let's go to grace marie turner, jimmy williams and michelle caruso-cabrera. grace, do we have that right? the unions are lobbying against this because they are going to have to pay this thing. >> opportunemones thought they were going get all these new members by having people forced to purchase health insurance and organize these workers. every time you turn around wait a minute we don't want this. we want a waiver from these early provision. we don't want to pay this tax. we don't want to pay this fee. we don't want to pay these other 19 taxes that are coming. every single one of these tax. a trillion dollars in taxes. >> this is an insurance company shakedown is it not? they got extra costs because they have these mandates to put on,
made a time and probably would be practicing law at a small midtown firm. because i was mostly long or owned stock during the period of the greatest advance i can tell you. in confidence, guess what, it's -- it's off the record. off the record. we're off the record, right? i did pretty well. nonetheless, somehow i believe that -- had there been a twitters oty 30 years ago, i bet i would have been roundly criticized every step of the way for not knowing the true negatives for whistling past the graveyard, for not doing my homework, for being oblivious to the really horrifying concerns out there. 30 years later, the exact same conversation takes place onli online @jimcramer on twitter, join it, every day. even though i'm no longer bullish, i've been accused of being ignorant of every positive out there. same thing happens in my back and forth every day with very smart people who are forever trying to con -- i mean, get me to become more negative. now, in case some of you think i'm impermeable, please remember in 2008 when i told people to sell stocks at dow 10,000. fortunately, i was
of economic projections has kind of a, seems like an oakens law dilemma there. they have reduced the projected rate of unemployment, at the same time, lowered the growth forecast. so how do you square those two? how do you get sustained improvement in the labor market if the economy is going to slow down? >> well, if, in fact, that happens, it's an issue, obviously. there's been some disconnect, at least in the short run, between unemployment rate changes and growth during this recovery, and there have been periods, at least, where unemployment has fallen relatively quickly, even though growth has been more limited. so we're just going to have to monitor developments in the economy and see what happens. you're right that we're not forecasting extraordinarily strong growth, but it is also true, as i think you noted, that our projections for unemployment in the fourth quarter are noticeably lower than they were in september when we first announced this asset purchase program. so there has been some improvement in the outlook, as measured by that metric. but you're right, you know, we do need to
of the health care law, that's going to go into effect, there are significant unintended consequences that was not thought out as much as it should have, that will significantly affect the cost structure of small businesses. and this is an example, where i think you've got to be very careful with this kind of transformation legislation that ultimately, perhaps, has a negative effect on the economy. >> and did you want to get to something you said was misleading? >> well, i think -- that's the starting wage that you're talking about, but most starbucks people are highly tenured and are tipped throughout the day. so it's not a real number. >> and before you go, you've got to give us some reaction to this comic book, basically, about your life. you're now a super hero, howard. >> you know, that's one of those things where i just woke up one day and i could not believe that someone would spend the time writing a comic book about me. there must be a lot more important things to do. >> howard, good to have you on the program. we appreciate your time tonight. >> thanks, maria. >> howard schu
your family... and launch your dreams. at legalzoom.com we put the law on your side. >>> the >>> the u.s. department of agriculture is considering buying 400,000 tons of sugar to stave off a wave of defaults by sugar processors that borrowed heavily under a government price support program. hampton pearson joins us live now from washington. it's almost a french twist on free market capitalism, hampton. >> this is all base about based on a story of "the wall street journal." they're buying 100 tons of sugar to protect sugar processors under a price support program. this would leave the usda program with an $80 million deficit according to the wall street journal. sugar prices have fallen nearly 22% over the last year. the usda would not say which sugar company would have outstanding loans in the program and a final decision on whether to take this action will not come until next month and the spokesman telling cnbc news that any price support would keep sugar prices higher like mars and nestle as well as candy and breakfast serial producers. the govern withment support of sugar prices h
in a little bit. my brother-in-law is a realtor. i remember when we were above 6% of the mortgage and said if we can get to 6%, everything is going to be great, right? that's a terrific rate on a mortgage. now it's if we get to 6%, we're doomed because it's too high. we have become addicted as a nation to low interest rates. what's the methadone? >> the markets will change first and then we will become unaddicted. it always happens that way and i think it's going to happen that way good. >> dr. greenspan, do you think what the fed is doing is working? the stock market is going up. that's the good news. the housing market may be getting better. when you talk about a true broad-based benefit for the country there's an argument that it's actually going to -- still going to the top. >> i think that the best way of looking at the current period is to recognize that asset prices are what is creating a much larger element of support in here than most of the macro economic models. almost everybody assumed when payroll tax went up there was going to be a department in consumer expenditures. it didn
and create jobs and maintain jobs. >> would you say that the labor, the rigid labor laws in europe, france, wherever, does it make you do different things in terms of hiring than in other countries around the world? >> well, you know, it is a different perspective, right? france is a specific, you know, case. >> talk about that. >> yeah, it mean, what needs to be done in france is, you know, to make sure that the labor laws but also the cost of labor is more attractive for companies to invest. but on the other hand, you know, in france and in europe, the level of education for people is very high. so we have a very, very strong, you know, population to work. we have very strong infrastructure. so it's also a big place to invest. >> are you a supporter of holland and some of the things he's done? >> well, you know, they've done a few things. i would love to have more to be done, to be done because i think, again, france needs to be more attractive. >> are you rooming with -- >> i thought he was in russia now. >> even though he's an honorary citizen. >> we have a lot of business in europe, i
the the the new law hours after. the ban, which has been set -- just set to take effect -- was set to take effect, i apologize, this past thursday. would have barred restaurants, movie theaters from selling larger than 16 ounces. that's a small cup you have there. i don't think that would have counted. this morning we are highlighting some of the great entrepreneurs and disruptors. invite-only gathering of the 150 top tech company founders. joining us now on the set is eric kippo. former ceo of huffington post. also former ceo of ziff davis. what are the biggest ones? >> maker bots. my prescription is a little more complicated. >> they won't do it i have one question for you. you obviously ran the company. it sold to aol for a lot of money. people thought it was a great deal. all the reports say you didn't want to sell. given where the markets are today and given all the confidence, do you wish you would have stuck with that? >> first of all, all of us are very happy we sold the company for the the price we sold it. but i was on the record to say i thought if we had stayed the course we could hav
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to happen any time soon. instituting legislation as written is the law of the land for now. >> meaning that you're going to be seeing these huge increases. what do you hear back from some of the big employees when you tell them 32% more than you did last year. >> it's not the large employers, becky. it's the individual market and small group market. this fee of $64 a year goes to every employer. not just large employers. >> what do you hear back when you tell them this? >> a lot of them are surprised. that was part of the legislation that was passed in 2010. >> but do they think you're the bad guys? >> no. we explain where it comes from? >> mark, i would love to ask you about what you have described as your mission to make a all the mindful business benefits that you have brought to the 34,000 aetna employees to make them part of the benefits that they get. would love to hear how that mission is going and what you think some of the next steps will be. >> arianna, that's a great question. >> when employees are stressed their health care costs are $2,000 higher. it has an impact on their
and frank blake because those are big shoes to fill. frank blake, a doctorate in law. frank blake is generous. there will never be another frank blake. >> i didn't like it either. i didn't believe it. all of the other parts of the argument i may be able to buy, but that comparison is a hard one, i think. >> although, who knew exactly what frank blake was going do when he took the gig at home depot, right? >> that's true. >> if you compare it to -- it's an early frank blake reference. it's not saying that this guy is frank blake right now. >> he's geek squad and they'll integrate it correctly. this is not angelina jolie we're talking about. another jolie. you're probably thinking frank blake and jolie. >> if it was angelina jolie i'd say frank blake is in trouble, right? >> i would say angelina is in trouble. >> on sunday, i thought miley cyrus was in trouble. cyprus! >> all right. we are watching best buy shares trade higher in the pre-market. meantime, the bulls are looking to regain their mojo. cramer will show you how to get along for the ride. once again, we're looking to snap
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